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cut. >> the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years, true? >> not in the least bit true. >> stephen: true, not true, who cares? (laughter) it's over ten years. romney and ryan will only be in office for eight of those. let president bachmann worry about it in 2020. that is what hindsight is for. but folks, just listen to this pit bull. >> how much would it cost. >> it's revenue neutral. >> i'm talking about the cut, we'll get to the deductions. >> the cut in tax rates is lower all american tax rate by 20%. >> how much does that cost. >> it's revenue neutral. >> stephen: okay, revenue neutral, chris. but for some reason wallace wouldn't take no answer for an answer. (laughter) jim? >> well, it's not revenue neutral unless you take away the deduction. >> let me just -- >> you haven't given me the math. >> well, i don't have-- it would take me too long to go through all of the math. >> stephen: great answer. (laughter) why-- (cheers and applause) great answer why is it a great answer? well, it would take m
cut. >> the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years, true? >> not in the least bit true. >> stephen: true, not true, who cares? (laughter) it's over ten years. romney and ryan will only be in office for eight of those. let president bachmann worry about it in 2020. that is what hindsight is for. but folks, just listen to this pit bull. >> how much would it cost. >> it's revenue...
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Oct 3, 2012
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last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the obama administration's economic failures. >> greta: so will the obama campaign take a political hit with that one, mr. speaker? it's dangerous to talk these days? >> look, it's pretty hard to take anything joe biden says seriously. but if you look at it from -- there are two parts to t. he admits that in the last four years, that's the obama years, the middle class has been buried. highest price of gasoline in the history. hits the middle class. the unemployment rate hits the middle class. the debt being piled up, hits the middle class. but then he goes on to say something which is frankly nutty.
last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the...
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now, as for those specifics on taxes, i go back to the last time we successfully had major tax reform which was in 1986 with ronald reagan as president. he didn't come out with all the specifics. he worked with the congress behind the scenes, and they achieved meaningful tax reform because they kept those discussions private, they didn't draw public lines in the sand and therefore, they emerged successful. successful pattern to follow, ronald reagan's. on the other hand, you had the debt limit talks in 2011 where president obama in the middle of talks never, until this day, has gotten specific. we don't know if he offered to raise the medicare retirement age. we don't know how much he said he would cut medicare and enact entitlement reform. so he did the opposite. he went into a serious negotiation not as a candidate but as the president and never got specific. it's one of the reasons we never got a big debt limit deal. so i think mitt romney actually is following the reagan pattern. the question is who when it comes to real negotiation with congress will follow through and get it don
now, as for those specifics on taxes, i go back to the last time we successfully had major tax reform which was in 1986 with ronald reagan as president. he didn't come out with all the specifics. he worked with the congress behind the scenes, and they achieved meaningful tax reform because they kept those discussions private, they didn't draw public lines in the sand and therefore, they emerged successful. successful pattern to follow, ronald reagan's. on the other hand, you had the debt limit...
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Oct 9, 2012
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be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean: that's pretty frightening. it's in bookstores as of tomorrow morning, amazon.com, called "black helicopters." dick, thank you. >> thank you. >> sean: when we come back, is there a major donor scandal about to blow up in the president's face? our guests say they have things that could derail the president before election day. and in the middle east, this time the israelis take out a drone. the middle east burning. this all happens as mitt romney goes out with a major foreign policy speech telling voters that the president has fail
be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean:...
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Oct 2, 2012
10/12
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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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Oct 9, 2012
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ]...
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Oct 5, 2012
10/12
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on the issues of the tax cuts. he has tax cuts and he won't say how he's going to pay for them. but the math doesn't add up. president obama hit him with a good line on that. >> obama: for 18 months he has been run on this tax plan, and now five weeks before the election he's saying that his big bold idea is "never mind." >> cenk: well, that's a good line because in fact romney went in and said, what me? i didn't do that. that was nonsense. now on the issue of medicare and cuts to senior citizens here's what romney said. >> romney: neither the president nor i are proposing any changes for any current retirees or near retirees either to social security or medicare. so if you're 60 or around 60 or older, you don't need to listen any further. >> cenk: here's my favorite line from president obama in response to that. >> obama: your 54, 55, you might want to listen because this will effect you. >> cenk: in other words, yeah, when he says, hey senior citizens hey i'm not going to screw you. he's saying 50 and 54-year-olds, i'm going to screw you instead. the fact that the president po
on the issues of the tax cuts. he has tax cuts and he won't say how he's going to pay for them. but the math doesn't add up. president obama hit him with a good line on that. >> obama: for 18 months he has been run on this tax plan, and now five weeks before the election he's saying that his big bold idea is "never mind." >> cenk: well, that's a good line because in fact romney went in and said, what me? i didn't do that. that was nonsense. now on the issue of medicare and...
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Oct 5, 2012
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by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month, and the unemployment rate, as you know, this year has come down very slowly, but it's come down, nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. if you just drop out of the work force, if you just give up and say, look, i can't go back to work, i'm just going to stay home, if you just drop out altogether, why, you're no longer part of the employment statistics, so it looks like unemployment is getting better
by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this...
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Oct 5, 2012
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, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why not? they're creating a country of aful overlords and 300 million serfs, peasants. are you optimistic? will the middle class start rolling, bouncing back again? >> i'd like to say yes, i'm hopeful. but i think it really is going to -- i think this is going to take time and i think it is going to come down a lot to policies and regulations and what our tax structure looks like moving forward. i think it will come down to the political elections as well and what americans see for their future. >> morgan brennan, thank you. i'll go with you on the glass
, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why...
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Oct 4, 2012
10/12
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Oct 5, 2012
10/12
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tax cut. my plan is not to put in place any tax cut that will add to the deficit. my view is we ought to provide tax relief to people in the middle class but i'm not going to reduce the share of taxes paid by high income people. we have 23 million people out of work. or stop look for work in this country. >> eliot: here's how the obama campaign responded to some of the claims. with an ad released this afternoon that relied on fact checkers. >> mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes but he hasn't said which or how many. so the verdict here the simply incomplete. >> eliot: by the way that 23 million unemployed claim is also incorrect. off by only eight million people. romney also attacked the president on the obama care issue. >> romney: cut $716 million from medicare to pay for it. i want to put the money back in medicare for our seniors. it puts in place an unelected board that's going to tell peopl
tax cut. my plan is not to put in place any tax cut that will add to the deficit. my view is we ought to provide tax relief to people in the middle class but i'm not going to reduce the share of taxes paid by high income people. we have 23 million people out of work. or stop look for work in this country. >> eliot: here's how the obama campaign responded to some of the claims. with an ad released this afternoon that relied on fact checkers. >> mitt romney has not laid out specifics...
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Oct 4, 2012
10/12
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and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a strategic decision, the likability advantage that the president has is so valuable to them that they didn't want to jeopardize that by him attacking mitt romney and coming across as unlikeable or less likeable, because you know it was astonishing that he didn't go after mitt romney. i was just talking to david -- in the room just a couple minutes ago, he made the case far more convincingly, far more aggressively and concisely for what president obama was trying to lay out the next four years than obama himself did up on the stage. i mean there was just time and again mitt romney managed to seize
and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a...
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Oct 10, 2012
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the wea
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
WHUT (Howard University Television)
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Oct 8, 2012
10/12
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed ha
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private...
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Oct 8, 2012
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i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another amazing statistic. i wouldn't believe that statistic. the rich pay tremendous amounts of taxes. most of the taxes in the country and they really have to be at least -- rich people if they don't love their country they can go to other countries and pay a lot less tax. if you were in new york and the taxes were high you could move to florida or move here. with globalization and everything -- >> why don't you move to florida. we have golf courses in miami. >> i have a lot of great properties in florida. i just -- >> the minute you walk you hed florida. >> i love new york. i stick with new york. it's a great place.
i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another...
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Oct 3, 2012
10/12
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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Oct 7, 2012
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but in this case on the tax plan, not so much obama care and other things, it did. was it played in the clips? >> it was. >> very little. >> there was a misperception on the argument over taxes. if you watched mitt romney over the campaign, he has argue head will cut everyone's tack bus not change the shiefr the burden that the wealthy will pay. now, that may turn out to be true or not if he's ever elect and goes to congress with a plan. but he did not change his plan the night of the debate. what he tried to do finally in then tire campaign is rebut the very effective obama argument that he's cutting taxes for the wealthy and sticking the middle class with a tab. it's not something the republicans believe is true. >> the key word was share, the share was taxes that the wealthy will pay. and so i was surprised the president didn't go after that too. >> is it simply that -- i've seen 20 times that. is it the other stuff, the stuff we're talking about here, the stuff that's considered too boring? >> yes, absolutely. yes. that sflies that depresses me. >> would that jo
but in this case on the tax plan, not so much obama care and other things, it did. was it played in the clips? >> it was. >> very little. >> there was a misperception on the argument over taxes. if you watched mitt romney over the campaign, he has argue head will cut everyone's tack bus not change the shiefr the burden that the wealthy will pay. now, that may turn out to be true or not if he's ever elect and goes to congress with a plan. but he did not change his plan the...
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Oct 10, 2012
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. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash the reporter that paul ryan walked out of that interview on. the campaign giving on the record quotes calling the reporter an embarrassment. the city where that reporter works and where that interview took place does have the worst violent crime rate in the nation. god bless flint, michigan. so that line of questioning here for mr. ryan was understandable. maybe even predictable. but beyond the newsworthiness of paul ryan getting up and taking off his microphone and ending the interview and beyond the newsworthiness of the campaign going after this reporter, there was
. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash...
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Oct 3, 2012
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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Oct 9, 2012
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. >> first of all, i don't have a $5 trillion tax cut. i'm not looking for a $5 trillion tax cut. let me repeat what i said, i'm not in favor after $5 trillion tax cut. that's not my plan. >> a romney's plan could cost the country $5 trillion over the next five years. his friends at fox news says he doesn't have to explain his fuzzy math. here is chris wallace depending romney's flip-flop to o'malley. >> the president says that mitt romney is proposing a $5 trillion tax cut. that's not true. >> kras, wait a minute here. the governor -- i mean, former governor romney, is proposing 0% cut to income taxes, including for the wealthiest of americans and 30% cut to corporate income taxes. any economist my debate whether that is 4.9 trillion or 5 trillion. >> you're mischaracterizing the romney plan. you're right, 5 trillion by lowering the tax rates but also cuts about cutting loop holes and -- >> ahhhh. >> but that is part of the plan. >> but he won't say which loop holes and which deductions. >> joining me washington post kol columnest and author. you. >> you have a lot of heart, ed.
. >> first of all, i don't have a $5 trillion tax cut. i'm not looking for a $5 trillion tax cut. let me repeat what i said, i'm not in favor after $5 trillion tax cut. that's not my plan. >> a romney's plan could cost the country $5 trillion over the next five years. his friends at fox news says he doesn't have to explain his fuzzy math. here is chris wallace depending romney's flip-flop to o'malley. >> the president says that mitt romney is proposing a $5 trillion tax cut....